China approves USD 1 billion loan for Central Expressway

Sri Lanka expressway

Chinese Ambassador in Colombo Cheng Xueyuan has informed Prime Minister Ranil Wickremesinghe that the Chinese government has approved USD 1 billion as funding for the phase one of the Central Expressway project.

Instructions have been given to Chinese EXIM bank to process the loan. The ambassador requested the Sri Lankan side to expedite administrative and legal formalities, the PM’s Office said.